Bulgaria

Do I qualify for a Bulgarian mortgage?

To qualify for a mortgage in Bulgaria, a calculation is used to establish whether you can afford to maintain the mortgage repayments. This will automatically happen when you complete the application form, and Mortgage Helpline International won’t charge you for this service.

How much can I borrow?

Calculation based on the valuation or purchase price, whichever is the lower

Up to 70% of LTV available for house purchase, remortgage or home improvements

Based on joint net “take home” pay, where joint income is applicable

Existing liabilities, e.g. mortgage or rental payments, loans, credit card payments and maintenance are taken into account, together with the proposed Bulgarian mortgage payments. All this must not exceed 50% of your monthly net income

What evidence of income do I need?

If you are employed:

Your last three month’s payslips
Your latest P60 or Employers Reference
Your last three month’s personal bank statements

If you are self-employed:

Your last three year’s audited accounts
Your last three month’s business statements
Your last three month’s personal bank statements.

Example mortgage payments

If, for example, your net joint monthly income is £2,500, 50% of this equates to £1250. If your only liability is your mortgage payment, of say £500, this would leave a balance of £750 for your Bulgarian mortgage repayment.

What types of Bulgarian mortgages are available?

For our latest rates and to see the different types of Bulgarian mortgages on offer, please contact us.
Loans taken out in Euros are available up to 75% of the property’s value.

The maximum term of any mortgage is 20 years or age 65 for men and 60 for women, this varies on the type of loan.

Repayment mortgages only

The minimum loan you can take out is €40,000